Insider Selling: L.B. Foster (NASDAQ:FSTR) Major Shareholder Sells $911,529.75 in Stock

L.B. Foster Company (NASDAQ:FSTR) major shareholder Aron English sold 34,025 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $26.79, for a total transaction of $911,529.75. Following the sale, the insider owned 1,204,558 shares of the company’s stock, valued at $32,270,108.82. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

L.B. Foster Price Performance

FSTR stock opened at $26.70 on Monday. The stock has a market capitalization of $277.41 million, a price-to-earnings ratio of 59.33 and a beta of 1.00. The firm’s 50-day moving average price is $26.73 and its two-hundred day moving average price is $24.71. The company has a current ratio of 2.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.33. L.B. Foster Company has a 12-month low of $17.16 and a 12-month high of $29.40.

L.B. Foster (NASDAQ:FSTR) last posted its earnings results on Monday, November 3rd. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.21). The business had revenue of $138.29 million during the quarter, compared to the consensus estimate of $154.38 million. L.B. Foster had a return on equity of 2.79% and a net margin of 0.96%. As a group, equities analysts predict that L.B. Foster Company will post 1.16 earnings per share for the current year.

Institutional Investors Weigh In On L.B. Foster

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Brandes Investment Partners LP lifted its holdings in shares of L.B. Foster by 17.1% during the second quarter. Brandes Investment Partners LP now owns 1,179,015 shares of the basic materials company’s stock valued at $25,785,000 after purchasing an additional 172,492 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of L.B. Foster by 2.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 950,272 shares of the basic materials company’s stock worth $20,782,000 after buying an additional 18,272 shares during the last quarter. Geode Capital Management LLC raised its stake in L.B. Foster by 7.4% during the second quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company’s stock valued at $5,207,000 after buying an additional 16,320 shares during the last quarter. Teton Advisors LLC bought a new stake in L.B. Foster in the third quarter worth $3,767,000. Finally, Minerva Advisors LLC grew its stake in shares of L.B. Foster by 5.2% in the second quarter. Minerva Advisors LLC now owns 83,965 shares of the basic materials company’s stock worth $1,831,000 after acquiring an additional 4,167 shares during the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on FSTR shares. Zacks Research upgraded L.B. Foster from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Singular Research upgraded shares of L.B. Foster to a “moderate buy” rating in a report on Monday, November 17th. Wall Street Zen upgraded shares of L.B. Foster from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of L.B. Foster in a report on Monday, December 8th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.00.

L.B. Foster Company Profile

L.B. Foster Company provides engineered and manufactured products and services for the building and infrastructure projects in the United States, Canada, the United Kingdom, and internationally. It operates through two segments: Rail, Technologies, and Services; and Infrastructure Solutions. The Rail, Technologies, and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors, as well as used rails; rail accessories, such as rack spikes, bolts, angle bars, tie plates, and other products; insulated rail joints and related accessories; fixation fasteners, coverboards, and special accessories; and trackwork products.